Nitesh Shah, Director at WisdomTree, has issued his most recent outlook on Gold in which he discusses why he believes price appreciation is overdue.
“The yellow metal fell 4 per cent in the three months from the end of June – a decline that we do not believe is justified by the 11 basis-point rise in bond yields and 0.4 per cent gain in the US dollar over the period. Rather, gold’s poor performance seems to have been driven by a collapse in sentiment.”
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